Note 7 - State Franchise Taxes Payable	6 Months Ended
Jun. 30, 2022
Notes to Financial Statements
Franchise Tax Disclosure [Text Block]	7. STATE FRANCHISE TAXES PAYABLE During the three months ended June 30, 2022 the Company incurred no state franchise tax expense, and for the three months ended June 30, 2021 the Company recorded $3,250 in state franchise tax and $2,925 in interest penalties to the State of Delaware for franchise taxes in arrears. The tax amounts in arrears and all related interest penalties were resolved with the State of Delaware during Q3 2021.

Note 7 - State Franchise Taxes Payable

6 Months Ended

Jun. 30, 2022

7. STATE FRANCHISE TAXES PAYABLE

During the three months ended June 30, 2022 the Company incurred no state franchise tax expense, and for the three months ended June 30, 2021 the Company recorded $3,250 in state franchise tax and $2,925 in interest penalties to the State of Delaware for franchise taxes in arrears. The tax amounts in arrears and all related interest penalties were resolved with the State of Delaware during Q3 2021.

IRONSTONE PROPERTIES, INC. 10-Q